Latest on Regulation & Reform – Page 423
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News
Italian class actions move a step closer
[16:30 CET 20-11] ITALY - Italy is close to introducing 'class action' lawsuits in its legal system for the first time, as the country's higher parliament house last week approved the much-discussed Italy's 2008 budget law.
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News
Telent solution 'achievable', says PensCorp
[16:00 CET 20-11] UK – Pension buyout firm Pension Corporation expects a resolution with the UK's Pension Regulator (TPR) in its feud over Telent, following last week's unconditional offer for the telecoms firm.
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News
Private equity ‘code’ requires more info
[14:00 CET 20-11] UK - Private equity firms in the UK and the companies they own will have to publish more information on the way they do business and the risks they face, according to a new code of conduct unveiled today.
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News
Finish Solvency II in 2008 - Skinner
[13:00 CET 20-11] EUROPE - Peter Skinner, of the committee on economic and monetary affairs at the European Parliament, has warned the Solvency II project has to be finished by next year.
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News
UK regulator's role extended - O'Brien
[12:00 CET 20-11] UK – Mike O'Brien, UK minister for pension reform, has said the role of the UK pension regulator (tPR) will be extended for the launch of the personal accounts pension scheme in 2012.
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News
EC brings microfinance to Europe
[16:45 CET 19-11] EUROPE – The European Commission is seeking to support the development of microfinance initiatives across Europe by implementing a regime to improve access to the non-banking credit scheme.
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News
Philips fund fraud brings calls for transparency
[16:10 CET 16-11] NETHERLANDS - The Dutch Association of Property Participants (VVP) has called for more transparency around property transactions, to prevent fraud such as that now being investigated at the company pension scheme of electronics giant Philips.
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News
IPE AWARDS: Politicians fail to understand pensions
[15:45 CET 16-11] EUROPE – Politicians lack the basic financial knowledge for meaningful dialogue with pension funds, delegates at an IPE seminar in Vienna heard.
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News
VB calls for "balanced approach" to SRI
[16:15 CET 15-11] NETHERLANDS - Pension funds should keep a balanced approach to socially-responsible investment, and avoid the over-doing of do-gooding, according to Benne van Popta, chairman of the Association of Industry-wide Pension Funds (VB).
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Features
Portability reforms resurface
Jeremy Woolfe reports on the adoption of European Parliament recommendations in the EU’s reborn portability directive
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News
Pensionsinfo presses for transparency
[16:15 CET 14-11] DENMARK - The Danish pensions industry needs to tackle the issue of transparency and is the most pressing problem it faces right now, according to Pensionsinfo, the country’s comprehensive national pensions database.
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Features
Competition drives down Swedish ITP fees
The move of Sweden’s ITP scheme from DB to DC has had some unexpected consequences, finds George Coats
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News
Pan-Euro funds should not be competitive - Gabellieri
[15:30 CET 14-11] EUROPE – There should be one EU legal framework with national varieties instead of various European countries rivaling for the best location to domicile pan-European pension funds, suggests Bruno Gabellieri, secretary general of the European Association of Paritarian Institutions of Social Protection (AEIP).
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Features
Reforming Norway's occupational pensions
George Coats assesses the impact of introducing a mandatory minimum pension in Norway
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News
"Too early" for IORP review - Verhaegen
[12:30 CET 14-11] EUROPE – Plans by the European Commission to review the IORP pensions directive next spring were "not a sign of good regulatory governance" as the full implementation was only finalised this summer, Chris Verhaegen, secretary-general of the European Federation of Retirement Provision (EFRP) has told IPE.
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Special Report
Why governance is key for Kitts
Liam Kennedy spoke to Arno Kitts about how he is getting along as investment council chairman for the UK NAPF
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Features
The changing provider landscape in Finland
A low-yield investment climate and new local pension regulations are leading to a restructuring of the asset management industry in Finland, writes Reeta Cevik
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Features
Shining a light on Danish real estate valuations
Denmark’s pension fund boards have the freedom to value their own domestic property portfolios, a situation that many find out of step with modern transparency requirements. Pirkko Juntunen reports
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Features
No great rush to go pan-European
Cross-border pension funds are closer to becoming a workable option as jurisdictions create new vehicles and legislators lower tax and regulatory hurdles. But, as Maha Khan Phillips reports, it might take some time
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News
Romanians rush into second pillar
ROMANIA – Over half of the Romanian workforce has already signed up for the new mandatory second-pillar pension system, including many for whom joining is not mandatory.
